LIBOR post from May 2008 indicates the rate was a hot topic
When we consider all the selective memory on LIBOR at the moment, its always fun to go back and look at what was topical on this blog back then.
I found this:
It was a concern because the hot topic was the high rates of LIBOR and the resultant high interest payments but large banks, and this 5 months before the Lehmans moment.
No evidence here of manipulation, but there is circumstantial evidence that the topic was under review by bankers and central banks.